26 USC 4672 - Definitions and special rules

U.S Code last checked for updates: Nov 22, 2024

§ 4672.

Definitions and special rules

(a)

Taxable substance

For purposes of this subchapter—

(1)

In general

(2)

Determination of substances on list

A substance shall be listed under paragraph (1) if—

(A)

the substance is contained in the list under paragraph (3), or

(B)

the Secretary determines, in consultation with the Administrator of the Environmental Protection Agency and the Commissioner of U.S. Customs and Border Protection, that taxable chemicals constitute more than 20 percent of the weight (or more than 20 percent of the value) of the materials used to produce such substance (determined on the basis of the predominant method of production).

If an importer or exporter of any substance requests that the Secretary determine whether such substance be listed as a taxable substance under paragraph (1) or be removed from such listing, the Secretary shall make such determination within 180 days after the date the request was filed.

(3)

Initial list of taxable substances

(4)

Modifications to list

(b)

Other definitions

For purposes of this subchapter—

(1)

Importer

(2)

Taxable chemicals; United States

(c)

Disposition of revenues from Puerto Rico and the Virgin Islands

(Added Pub. L. 99–499, title V, § 515(a), Oct. 17, 1986, 100 Stat. 1768; amended Pub. L. 100–647, title II, § 2001(b), Nov. 10, 1988, 102 Stat. 3594; Pub. L. 114–125, title VIII, § 802(d)(2), Feb. 24, 2016, 130 Stat. 210; Pub. L. 117–58, div. H, title II, § 80201(c)(1), Nov. 15, 2021, 135 Stat. 1330.)

cite as: 26 USC 4672